Re:How Dogecoin changed my perspective on cryptocurrency
by grey-area on Sunday December 22, 2013 @03:28AM
(#6949758)
Dogecoin is a joke, not a currency (a good joke, but a joke nonetheless), it is not the official reddit currency, that would be reddit gold.
Re:How Dogecoin changed my perspective on cryptocurrency
by Kalium on Sunday December 22, 2013 @12:20PM
(#6950848)
Reddit gold is a product or service, not a currency. You cannot trade it.
It's friendliness means it may be adopted by the majority of consumers, who are scared off by the volatility and high price of bitcoins.
What needs to happen? First, it needs to distance itself from the meme part of it, and just become the standard fun, digital currency. Second, the barriers to entry need to be reduced. That means buying DOGE with USD instead of bitcoins, and easy online wallets. Finally, it needs uses, the most likely to happen are inter-app payments, such as over reddit or imgur.